Deposit Requirement. If the PAIB reserve computation results in a deposit requirement, the requirement may be satisfied to the extent of any excess debit in the customer reserve formula of the same date. However, a deposit requirement resulting from the customer reserve formula shall not be satisfied with excess debits from the PAIB reserve computation.
Appears in 3 contracts
Sources: Fully Disclosed Clearing Agreement (Baker Global Asset Management Inc.), Fully Disclosed Clearing Agreement (Network 1 Financial Group, Inc.), Fully Disclosed Clearing Agreement (Paulson Capital Corp)